"Americans no longer look to government for economic security; rather, they look to their portfolios"
- Bill Owens
About this Quote
This quote by Bill Owens suggests that Americans are no longer depending on the government to provide economic security. Instead, they are taking matters into their own hands and investing in their own portfolios. This shift in attitude reflects the changing economic landscape in the United States, where individuals are increasingly responsible for their own financial security. This remains in contrast to the past, when the federal government was seen as the main provider of financial security. The increase of the stock market and other financial investment opportunities has actually made it simpler for individuals to take control of their monetary future. As a result, Americans are no longer seeking to the federal government for economic security, however rather to their own portfolios.
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